Not-for-Profit Organizations

Not-for-Profit Organizations

All nonprofit organizations are not the same: just as their missions are different, so are their business needs. In the current environment, the demand for accountability and transparency is the New Normal. A single financial misstep that creates actual or perception that fraud has occurred in your operations could lead to the undoing of your firm.

Taxpayers, foundations and donors including government agencies cannot stomach a single event of fraud, especially fraud that could have been detected with reasonable level of systems and controls in a timely manner. You have probably heard or read of not-for profit organizations being debarred by the United States Government because funding was mismanaged in foreign countries and the mismanagement was covered up, ignored or not detected in time for audit. On the other hand, a solid financial management system could increase more business for your firm.

No doubt, a high priority is being placed on adequate and reliable financial reporting. Your Board, donors, members and other constituents need the confidence that your financial statements are fairly presented and that internal control issues have been properly addressed. All businesses, including nonprofit organizations, need the assurance that an independent, objective audit has been performed completely in accordance with professional standards.

You may not have the staff or the expertise to handle all the intricacies of meeting the challenges of financial management and reporting. This could be even more difficult for not-for-profits that are working in multiple countries, with funding from variety of donor agencies and foundations.

Our dedicated CPAs and consultants understand economic cycles and are able to measure the impact of these trends on planned giving, tax planning and investment climates. As a full service accounting firm, our diversity and depth of resources are true benefits for our valued clients. We know that your organization is more than just its mission – it is a multifaceted business environment and, as you grow and evolve.

At JS Morlu, LLC, we believe that the best client is an educated client and we are eager to share our knowledge with you. We are proud to provide the following traditional accounting services tailored to meet the needs of the nonprofit or association client: